The latest data show India’s consumer price inflation fell to a five-month low of 6.71% in July. Despite the numbers indicating a cool-off, consumer inflation has been above RBI’s tolerance band and medium-term target for 34 straight months.
Tech View: Nifty forms small green candle. What traders should do next week
A sustainable move above 19770 levels could bring bulls back into action. A slide below 19500 is expected to resume sharp selling momentum, said Nagaraj